2503 20th Street

Santa Monica, CA 90405

$2,150,000
Price
5
Beds
4
Baths
2,855 Sq. Ft.
$753 / Sq. Ft.
2,855
Sq. Ft.
$753
per Sq. Ft.

Property Details for 2503 20th Street

StatusWithdrawn / Cancelled
MLS #18317600
Year Built1936
DOM78
Compass TypeTownhouse
MLS TypeResidential Income / Fourplex
Lot Size0.16 AC / 6,753 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Greg Lewis

Compass

gregory.lewis@compass.com

P: 310.702.1107

DRE #01947786

Contact Agent(s)

Property Details for 2503 20th Street

Area
Santa Monica (C14)
Architectural Style
Spanish
Parking Spaces Total
4
Pool
No
Cooling Type
None, Ceiling Fan(s)

Description

On the warmest summer day, you can feel the cool ocean breeze from this Santa Monica investment opportunity. 2-Bedroom, 1 bath single-family rental in front with three rear 1 bedroom, 1 bath well maintained rental units with original hardwood floors. One unit delivered unoccupied. Pride of ownership. New windows in the upstairs units in May 2018. Short distance to"hip" Ocean Park Restaurants, workout gym, and the public library. Owner pays water. Buyer to do his/her due diligence regarding Santa... Monica rent control, all financial data, as well as square footage. Laundry hookups are in place. Adding resident Washer Dryer fee-based equipment could add $1,500 in revenue per year.

Location

Listing Courtesy of Compass, Greg Lewis, DRE #01947786

Listing Agent

  1. Greg Lewis

    Listing Agent

    Compass

    DRE #01947786

Building Information for 2503 20th Street

Stories2Residences4Year Built1936Building Size-Lot Size0.16 AC / 6,753 SF

Payment Calculator

$7,733 per month

30 year fixed, 3.51% Interest

Principal and Interest

$7,733

Property Taxes

HOA Dues

$0

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Property Information for 2503 20th Street

Property Features
    Interior Features
  • Appliances: Dishwasher, Garbage Disposal, Refrigerator
  • Bathroom Features: Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas, Free Standing Gas
  • Flooring: Hardwood
  • Heating: Floor Furnace
  • Laundry Locations: None
  • Stories: Two Level
  • TV Services: Cable TV
    Exterior Features
  • Foundation Details: Foundation - Tie Down
  • Patio Features: Concrete Slab
  • Playing Courts: None
  • Spa: No
    Parking Info
  • Covered Spaces Total: 4
  • Garage Spaces Total: 2
  • Garage Structures Total: 1
  • Parking Features: Driveway - Concrete
Community/Development / Location Info
    School/Location Info
  • County: Los Angeles
  • Cross Streets: OCEAN PARK & 20TH
  • Driving Directions: From West LA west on Ocean Park. Turn right (North) on 20th St. Building is on the right, 2503.
    Association Information
  • Association/HOA: No
Income / Expense / Tax / Assessment Details
    Income Details
  • Actual Annual Gross Rent: $112,248
  • Actual Gross Annual Income: $115,248
  • Actual Rent Total: $115,248
  • Adjusted Gross Income: $118,248
  • Cap Rate: 3.89
  • Financial Info As Of: 2019-04-01 00:00:00
  • Garage Rental Rate: 125
  • Gross Operating Income: $112,248
  • Gross Rent Multiplier: 18.18
  • Lease Per Month Year: Month
  • Net Operating Income: $84,400
  • Owner Pays: Water
  • Tenant Pays: Cable TV, Electricity, Gas
    Expense Details
  • Expense Gardener: $958
  • Expense Insurance: $4,470
  • Expense Maintenance: $742
  • Expense Management: $2,000
  • Expense Tax: $2,244
  • Expense Total Annual: $34,647
    Assessment Info
  • Assessed Improvement Percent: 42.49%
  • Assessed Improvement Value: $48,984
  • Assessed Land Percent: 57.51%
  • Assessed Land Value: $66,307
  • Assessed Total Value: $1,152,914
    Tax Info
  • Tax Rate Year: 2,11
Land/Lot Info
    Land/Lot Info
  • Land Lease Type: Fee
  • Lot Description: Fenced
  • Lot Acreage: .15
  • Lot Size Source: Public Records
  • Lot Size SQFT: 6753
  • Tax Parcel Number: 4273019007
  • Zoning: SMR2*
Structure Info
    Structure Info
  • Units Total In Complex: 4
  • Alley: Yes
  • Construction: Frame and Stucco
  • Direction Faces: Faces West
  • Number Dishwasher: 1
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Leased: 4
  • Number Of Buildings: 2
  • Number Range: 4
  • Number Refrigerator: 4
  • Number Rented Garages: 2
  • Paved: Yes
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Square Footage Source: Title Company
  • Total Floors: 2
  • Has Water Heaters: Yes
  • Year Built: 1936
Unit Information
    Unit 1 Info
  • Unit Furnished 1: Unfurnished
  • Unit Monthly Rent 1: $3,590
  • Unit Number Of Bath 1: 1.0
  • Unit Number Of Bed 1: 2.0
  • Unit Projected Total Monthly Rent 1: $3,637
  • Unit Total Monthly Rent 1: $3,590
  • Unit Type 1: 1.0
    Unit 2 Info
  • Unit Furnished 2: Unfurnished
  • Unit Monthly Rent 2: $1,687
  • Unit Number Of Bath 2: 1.0
  • Unit Number Of Bed 2: 1.0
  • Unit Projected Total Monthly Rent 2: $1,722
  • Unit Total Monthly Rent 2: $1,687
  • Unit Type 2: 1.0
    Unit 3 Info
  • Unit Furnished 3: Unfurnished
  • Unit Monthly Rent 3: $2,050
  • Unit Number Of Bath 3: 1.0
  • Unit Number Of Bed 3: 1.0
  • Unit Projected Total Monthly Rent 3: $2,091
  • Unit Type 3: 1.0
    Unit 4 Info
  • Unit Furnished 4: Unfurnished
  • Unit Monthly Rent 4: $2,025
  • Unit Number Of Bath 4: 1.0
  • Unit Number Of Bed 4: 1.0
  • Unit Projected Total Monthly Rent 4: $2,065
  • Unit Total Monthly Rent 4: $2,025
  • Unit Type 4: 1.0
    Unit 5 Info
  • Unit Furnished 5: Partially
    Unit 6 Info
  • Unit Furnished 6: Partially
    Unit 7 Info
  • Unit Furnished 7: Partially
    Unit 8 Info
  • Unit Furnished 8: Partially
    Unit 9 Info
  • Unit Furnished 9: Partially
    Unit 10 Info
  • Unit Furnished 10: Partially
    Unit 11 Info
  • Unit Furnished 11: Partially
    Unit 12 Info
  • Unit Furnished 12: Partially
    Unit 13 Info
  • Unit Furnished 13: Partially

Property History for 2503 20th Street

DateEvent & SourcePriceAppreciation
Aug 20, 2019Listed (Active)

CARETS #19501492

$2,150,000
Aug 19, 2019Withdrawn / Cancelled

CARETS #18317600

Jun 2, 2019Listed (Active)

CARETS #18317600

$2,250,000
DateEvent & SourcePrice
08/20/2019
Listed (Active)

CARETS #19501492

$2,150,000
08/19/2019
Withdrawn / Cancelled

CARETS #18317600

06/02/2019
Listed (Active)

CARETS #18317600

$2,250,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2503 20th Street

Taxable ValueLand$67,633Additions$49,963Total$117,596
Tax Record2018$2,270
Home Facts
Beds3Finished Sq.Ft.2,855 SqFtLot Size6,753 SqFtStyleQuadraplexYear Built1936ZoningSMR2*CountyLOS ANGELESAPN4273019007

Schools near 2503 20th Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
John Adams Middle SchoolPublic6-80.3 mi
7
Grant Elementary SchoolPublicPK-50.4 mi
9
Crossroads School For Arts And SciencesPrivateK-120.8 mi
NR
Olympic High (Continuation) SchoolPublic9-120.9 mi
NR

John Adams Middle School

6-8, 0.3 mi, Public

7

Grant Elementary School

PK-5, 0.4 mi, Public

9

Crossroads School For Arts And Sciences

K-12, 0.8 mi, Private

NR

Olympic High (Continuation) School

9-12, 0.9 mi, Public

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Santa Monica
The coastal city of Santa Monica is a living postcard.

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All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Compass, Greg Lewis, DRE #01947786
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